BidaskClub upgraded shares of Apollo Investment (NASDAQ:AINV) from a strong sell rating to a sell rating in a research note released on Thursday morning.
Other research analysts also recently issued reports about the company. TheStreet upgraded Apollo Investment from a c rating to a b- rating in a research note on Thursday, November 16th. ValuEngine raised Apollo Investment from a hold rating to a buy rating in a research report on Friday, December 1st. SunTrust Banks reaffirmed a buy rating and issued a $6.50 price objective on shares of Apollo Investment in a research report on Thursday, February 8th. BMO Capital Markets reaffirmed a hold rating and issued a $6.00 price objective on shares of Apollo Investment in a research report on Wednesday, November 15th. Finally, National Securities reaffirmed a neutral rating and issued a $6.00 price objective on shares of Apollo Investment in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Apollo Investment currently has an average rating of Hold and a consensus price target of $6.38.
AINV stock opened at $5.48 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $1,186.55, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.76 and a beta of 0.93. Apollo Investment has a one year low of $5.24 and a one year high of $6.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Tuesday, March 27th will be given a $0.15 dividend. The ex-dividend date is Monday, March 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.95%. Apollo Investment’s payout ratio is 176.47%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PVG Asset Management Corp acquired a new stake in shares of Apollo Investment in the fourth quarter valued at approximately $3,092,000. All Terrain Financial Advisors LLC acquired a new stake in shares of Apollo Investment in the fourth quarter valued at approximately $340,000. Jane Street Group LLC lifted its position in shares of Apollo Investment by 1,196.8% in the fourth quarter. Jane Street Group LLC now owns 129,911 shares of the asset manager’s stock valued at $735,000 after buying an additional 119,893 shares during the last quarter. LPL Financial LLC lifted its position in shares of Apollo Investment by 6.7% in the fourth quarter. LPL Financial LLC now owns 193,410 shares of the asset manager’s stock valued at $1,095,000 after buying an additional 12,217 shares during the last quarter. Finally, HBK Investments L P lifted its position in shares of Apollo Investment by 26.0% in the fourth quarter. HBK Investments L P now owns 46,100 shares of the asset manager’s stock valued at $261,000 after buying an additional 9,500 shares during the last quarter. 48.93% of the stock is owned by institutional investors.
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About Apollo Investment
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.
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